Greetings everyone. In today's post, I am sharing a brief analysis of the overall Crypto market and the current status of #HIVE.
https://apps.apple.com/app/id1436799971
The crypto market is currently in a somewhat stable state. Bitcoin and major allcoins are in a consolidation zone after significant volatility in recent times. Investors are now waiting for the next big move in the market.
🐝 ## HIVE Market Analysis
Today, the price of #HIVE is hovering around $0.0503 USDT according to the Binance chart.
24-hour high: $0.0507
24-hour low: $0.0487
HIVE is currently trading between the short-term support zone of $0.048-$0.050.
The chart shows that #HIVE has been in a prolonged correction after a previous major spike ($0.0946). The price is currently hovering near the MA(7), indicating short-term stability.
https://apps.apple.com/app/id1436799971
About 2.86% increase in the last 7 days.
Support zone still holds
HIVE Blockchain's strong community and Web3 ecosystem could play a positive role in the long term.
My personal opinion
#HIVE is currently in a key support zone. If the crypto market remains positive and #HIVE is able to break the $0.055-$0.060 resistance, a gradual upward trend could be seen. However, risk management is always important.
What do you think about HIVE’s current price action? Are we preparing for the next bullish move? Share your thoughts in the comments!
What do you think? Will Bitcoin hit a new all-time high soon?
Thank you for taking the time to read my post.@jaster family.